RE: Ask Me Anything - Marky Edition
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Whats your thought on witness vote decay? We've got some witnesses propped up to their position from some votes from people who aren't around anymore.
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I am not a big fan of it unless it has a long duration (like 6-12 months minimum).
I don't go around asking for votes, but it seems most people do and with vote decay it would be endless campaigning for votes rather than doing anything.
Eventually people will stop caring and will stop voting. It is the same thing with monthly subscriptions, there is a reason they take your credit card information for future renewals, even if you want a subscription people tend to get lazy and won't even spend 30 seconds renewing a subscription even if they like it.
I think a 12 month vote decay is ideal.
Agree that too short a period of time means that witnesses will be vote begging non stop.
Yearly means there will be less of that but will remove "dead accounts".
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So it's preferable to have dead people impacting the block chain? If you don't log in once a month you are not an active user and in NO position to dictate to the chain.
What difference does it make if witnesses beg for votes? So long as they do their job and if they don't do their job no amount of begging should save them.
Idk. Some of us prefer them actually working instead of becoming full-time politicians.
12 months seem like an all right term to start.
12 months should be a minimum starting point from when your vote beings to drop in value. Some people seem to want a full drop but I feel like progressively making your vote worth less might be better. 100% weight for the first 12 months, then each month after that it loses 8.33% vote strength.
And as long as you broadcast a single witness vote operation either way, the process should start all over.
This is definitely a big change and should have a lot of discussion but I hope we get more discussion on it.